Charles Schwab Investment Management Inc. Has $125.25 Million Stock Position in CMS Energy Co. (NYSE:CMS)

Charles Schwab Investment Management Inc. boosted its stake in CMS Energy Co. (NYSE:CMS) by 3.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,879,271 shares of the utilities provider’s stock after purchasing an additional 56,882 shares during the quarter. Charles Schwab Investment Management Inc. owned about 0.63% of CMS Energy worth $125,253,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Jones Financial Companies Lllp raised its position in shares of CMS Energy by 129.4% in the 4th quarter. Jones Financial Companies Lllp now owns 1,404 shares of the utilities provider’s stock valued at $94,000 after buying an additional 792 shares in the last quarter. Smartleaf Asset Management LLC raised its position in CMS Energy by 10.4% during the fourth quarter. Smartleaf Asset Management LLC now owns 12,426 shares of the utilities provider’s stock valued at $828,000 after purchasing an additional 1,166 shares in the last quarter. SVB Wealth LLC bought a new stake in CMS Energy during the fourth quarter worth $366,000. Private Trust Co. NA boosted its holdings in shares of CMS Energy by 30.4% in the 4th quarter. Private Trust Co. NA now owns 1,281 shares of the utilities provider’s stock valued at $85,000 after purchasing an additional 299 shares in the last quarter. Finally, First American Bank raised its holdings in shares of CMS Energy by 2.1% during the 4th quarter. First American Bank now owns 79,851 shares of the utilities provider’s stock worth $5,322,000 after buying an additional 1,673 shares in the last quarter. Institutional investors own 93.57% of the company’s stock.

Insider Activity at CMS Energy

In other CMS Energy news, SVP Brandon J. Hofmeister sold 2,000 shares of CMS Energy stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $73.77, for a total value of $147,540.00. Following the completion of the sale, the senior vice president now directly owns 71,931 shares in the company, valued at approximately $5,306,349.87. The trade was a 2.71 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director John G. Russell sold 28,750 shares of the stock in a transaction that occurred on Thursday, December 19th. The stock was sold at an average price of $65.85, for a total value of $1,893,187.50. Following the transaction, the director now owns 144,059 shares in the company, valued at $9,486,285.15. The trade was a 16.64 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 41,950 shares of company stock worth $2,817,160 over the last quarter. Company insiders own 0.40% of the company’s stock.

CMS Energy Trading Up 2.1 %

NYSE CMS opened at $73.12 on Friday. The firm has a market capitalization of $21.85 billion, a PE ratio of 22.02, a price-to-earnings-growth ratio of 2.56 and a beta of 0.35. The business’s 50-day moving average price is $68.46 and its two-hundred day moving average price is $68.74. The company has a current ratio of 0.79, a quick ratio of 0.57 and a debt-to-equity ratio of 1.80. CMS Energy Co. has a 12 month low of $56.61 and a 12 month high of $75.06.

CMS Energy (NYSE:CMS) last announced its earnings results on Thursday, February 6th. The utilities provider reported $0.87 EPS for the quarter, beating the consensus estimate of $0.86 by $0.01. CMS Energy had a return on equity of 12.02% and a net margin of 13.35%. On average, analysts expect that CMS Energy Co. will post 3.59 EPS for the current year.

CMS Energy Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Monday, February 17th were paid a dividend of $0.5425 per share. This represents a $2.17 dividend on an annualized basis and a yield of 2.97%. The ex-dividend date of this dividend was Friday, February 14th. This is an increase from CMS Energy’s previous quarterly dividend of $0.52. CMS Energy’s dividend payout ratio (DPR) is currently 65.36%.

Analysts Set New Price Targets

Several analysts recently weighed in on the company. StockNews.com raised CMS Energy from a “sell” rating to a “hold” rating in a research note on Wednesday, February 5th. Guggenheim reaffirmed a “neutral” rating and set a $69.00 price target on shares of CMS Energy in a report on Friday, February 7th. Barclays raised shares of CMS Energy from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $68.00 to $75.00 in a research note on Thursday, February 20th. Scotiabank boosted their target price on shares of CMS Energy from $75.00 to $77.00 and gave the stock a “sector outperform” rating in a research note on Thursday, December 12th. Finally, Morgan Stanley dropped their price target on CMS Energy from $69.00 to $67.00 and set an “equal weight” rating for the company in a research note on Friday, November 22nd. Six equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat, CMS Energy currently has a consensus rating of “Moderate Buy” and a consensus price target of $72.42.

CMS Energy Profile

CMS Energy Corporation operates as an energy company primarily in Michigan. The company operates through three segments: Electric Utility; Gas Utility; and Enterprises. The Electric Utility segment is involved in the generation, purchase, transmission, distribution, and sale of electricity. This segment generates electricity through coal, wind, gas, renewable energy, oil, and nuclear sources.